Ram has a plot of land of the shape of a quadrilateral. Government wants to take some portion of his land to build a hospital. Ram agrees with the condition that he should be given equal amount of land in lieu of his land adjoining his plot so as to form a triangular plot. Explain how this proposal will be implemented. [4 MARKS]
State 2 ways to settle a squabble?
The question has a sentence with four underlined words or phrases. Identify the one underlined word or phrase that must be changed in order to make the sentence correct. Mark E for no error.
Despite the claims that the market survey report was complete, absent from it was a number of means of communication available in the rural sector of the country.
What is a squabble? State 2 ways to settle a squabble? (3 marks)
What Journal entries would be passed for discharge of following unrecorded liabilities on the dissolution of a firm of partners A and B:
(a) There was a contingent liability in respect of bills discounted but not matured of ₹ 18,500. An acceptor of one bill of ₹ 2,500 became insolvent and fifty paise in a rupee was recovered. The liability of the firm on account of this bill discounted and dishonoured has not so far been recorded.
(b) There was a contingent liability in respect of a claim for damages for ₹ 75,000, such liability was settled for ₹ 50,000 and paid by the partner A.
(c) Firm will have to pay ₹ 10,000 as compensation to an injured employee, which was a contingent liability not accepted by the firm.
(d) ₹ 5,000 for damages claimed by a customer has been disputed by the firm. It was settled at 70% by a compromise between the customer and the firm.